Midea Group Co., Ltd. (SZSE:000333) acquired Rayco (Shanghai) Medical Products Company Limited from Carestream Health, Inc. on December 31, 2025. Carestream Health, Inc. (?Company?) has completed the separation of the Company into two geographically focused organizations, enhancing the long-term growth potential of each company. As part of the separation, Carestream Health retained all of the Company?s U.S. operations and most of the Company?s international operations have been organized under Carestream Healthcare International Company Limited previously known as Rayco (Shanghai) Medical Products Company Limited.
Lazard, Inc. acted as financial advisor for Carestream Health, Inc. Kirkland & Ellis, China acted as legal advisor for Carestream Health, Inc.
Midea Group Co., Ltd. (SZSE:000333) completed the acquisition of Rayco (Shanghai) Medical Products Company Limited from Carestream Health, Inc. on December 31, 2025.
Midea Group Co., Ltd. produces and sells household electrical appliances and climate control systems. Net sales break down by family of products and services as follows:
- domestic appliances (41.6%): small household appliances (rice cookers, electric steam cookers, microwaves, ovens, hobs, bread makers, dishwashers, etc.), washing machines, refrigerators, etc.;
- heating, ventilation and air conditioning systems (38.6%): portable air conditioners, dehumidifiers, window air conditioners, etc.;
- robotic and automation systems (8%);
- other (11.8%).
China accounts for 59.7% of net sales.
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